Tag: Crispin Teufel

PLYMOUTH MEETING, Pa. – AdaptHealth and Crispin Teufel have agreed to terminate Teufel’s employment contract.  The company had appointed Teufel as CEO in June, with a start date of Sept. 1, but he was sued in August by former employer Linde, which was seeking to block his appointment for an unspecified time. In the lawsuit, Linde alleged breach of contract, breach of duty of loyalty and misappropriation of trade secrets.   In a filing in late August with the U.S....

PLYMOUTH MEETING, Pa. – AdaptHealth and Crispin Teufel have agreed to terminate Teufel’s employment contract.  The company had appointed Teufel as CEO in June, with a start date of Sept. 1, but he was sued in August by former employer Linde, which was seeking to block his appointment for an unspecified time. In the lawsuit, Linde alleged breach of contract, breach of duty of loyalty and misappropriation of trade secrets.   In a filing in late August with the U.S....

ORLANDO, Fla. – Rotech Healthcare is said to be exploring a possible sale, according to online news reports.  Rotech is said to have tapped investment bank Jefferies Financial Group to advise on its sale process, which could value the company at $1.5B.   In July 2021, the company filed for an initial public offering of up to $100 million in July 2021, with plans to list on the Nasdaq under the symbol ROTK, but paused those plans in 2022, to await more favorable market conditions,...

PLYMOUTH MEETING, Pa. – Crispin Teufel won't take the reins as AdaptHealth’s new CEO until at least October amid efforts by his former employer to block the move, according to online news reports. In a filing with the U.S. Securities and Exchange Commission, AdaptHealth said a U.S. District Court issued a temporary restraining order preventing Teufel from starting his employment with AdaptHealth until Oct. 15. Lincare filed a lawsuit in Connecticut district court against Teufel,...

CLEARWATER, Fla. - Lincare has filed a lawsuit in Connecticut district court against former CEO Crispin Teufel, who plans to join competitor AdaptHealth on Sept. 1, for breach of contract, breach of duty of loyalty and misappropriation of trade secrets.  Lincare seeks a temporary restraining order, preliminary and permanent injunctive relief, damages and attorney fees.  “Since defendant’s resignation, plaintiffs have uncovered evidence demonstrating that defendant used...

CLEARWATER, Fla. - Lincare has filed a lawsuit in Connecticut district court against former CEO Crispin Teufel, who plans to join competitor AdaptHealth on Sept. 1, for breach of contract, breach of duty of loyalty and misappropriation of trade secrets.  Lincare seeks a temporary restraining order, preliminary and permanent injunctive relief, damages and attorney fees.  “Since defendant’s resignation, plaintiffs have uncovered evidence demonstrating that defendant used...

PLYMOUTH MEETING, Pa. - AdaptHealth’s board of directors has named Lincare’s Crispin Teufel as its next CEO.  Teufel, who has served as CEO of Lincare since July 2017, is expected to assume his role at AdaptHealth on Sept. 1.  “We are quite pleased to be announcing the appointment of Crispin Teufel as the next CEO of AdaptHealth,” said Richard Barasch, chairman of the board. “Crispin is the ideal candidate to lead AdaptHealth in its mission to transform...

PLYMOUTH MEETING, Pa. - AdaptHealth’s board of directors has named Lincare’s Crispin Teufel as its next CEO.  Teufel, who has served as CEO of Lincare since July 2017, is expected to assume his role at AdaptHealth on Sept. 1.  “We are quite pleased to be announcing the appointment of Crispin Teufel as the next CEO of AdaptHealth,” said Richard Barasch, chairman of the board. “Crispin is the ideal candidate to lead AdaptHealth in its mission to transform...

WASHINGTON – With local coverage determinations for home oxygen therapy anticipated in October, Crispin Teufel, chair of the Council for Quality Respiratory Care, hopes the industry will get more clarity on a post-CMN environment.   The CMS requirement for CMNs is set to expire Jan. 1, 2023, and the industry has been pushing for a simple template with clear and objective clinical elements, says Teufel, who is also the CEO of Lincare.  “There’s not a lot of time,...

WASHINGTON – The Council for Quality Respiratory Care applauded the 22 bipartisan House lawmakers for urging the CMS to protect patients’ access to home oxygen. In a letter, spearheaded by Reps. Terri Sewell, D.-Ala., and Larry Bucshon, R.-Ind., to Department of Health and Human Services Secretary Xavier Becerra and CMS Administrator Chiquita Brooks-LaSure, they wrote in support of reforms to the home oxygen therapy benefit, and asked the agency to ensure that Medicare contractor documentation...